Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$233,948+2.3% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$50,715About 0.8× the local median income ($67,021): affordable for a typical household
Days on market51 daysFaster than a year ago: sellers have the edge
Next 12 months+2.6%Zillow expects prices to rise slightly
The typical home in Scranton--Wilkes-Barre, PA is worth $233,948, up 2.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $216,905, so the area is 7.9% overvalued. It is a buyer's market: homes take about 51 days to sell, listings are up 18% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 2.6% over the next year. A household needs about $50,715 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,021. Typical rent is $1,362 a month, or $1,614 for a house. In the latest IRS figures, 993 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$233,948
Change in 1 year
+2.3%
Overvalued %
+7.9%
Show 7 more
Fair home value
$216,905
Change in 5 years
+29.3%
Zillow forecast, next 12 months
+2.6%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,268
Income needed to afford it
$50,715
Property tax rate
1.45%
Rent and investing
Typical rent
$1,362
Typical rent for houses
$1,614
Price-to-rent ratio
14.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,363
Gross rental yield
6.98%
Cap rate (estimate)
4.54%
Market activity
Listings vs a year ago
+17.6%
Days on market
51
Listings with a price cut
21.9%
Show 3 more
Homes for sale
1,251
Pending sales per 100 listings
26
Asking price per sq ft
$152
People and jobs
Median household income
$67,021
Population change (1 year)
+0.2%
Unemployment rate
5.4%
Show 4 more
Population
574,418
Income adjusted for cost of living
$71,604
Net moves in (IRS)
+993
Cost of living (US = 100)
93.6
Schools, risk and environment
School rating (1 to 10)
4.0
FEMA hazard risk score (0 to 100)
88.9
Unhealthy air days a year
3
Show 4 more
Flood risk score
93.7
Wildfire risk score
47.6
Walkability (1 to 20)
7.7
Road, rail and air noise
53 dB
Questions people ask
Is Scranton--Wilkes-Barre, PA overvalued?
Home prices in Scranton--Wilkes-Barre, PA are slightly above what local incomes have historically supported: fair value is about $216,905, so the area is 7.9% overvalued.
Is Scranton--Wilkes-Barre, PA a buyer's or seller's market?
Scranton--Wilkes-Barre, PA is a buyer's market: homes take about 51 days to sell, listings are up 18% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Scranton--Wilkes-Barre, PA?
Home values in Scranton--Wilkes-Barre, PA are up 2.3% over the last year. Zillow's forecast for the next 12 months is +2.6%.
How much do you need to earn to buy a home in Scranton--Wilkes-Barre, PA?
A household needs about $50,715 a year to afford the typical home in Scranton--Wilkes-Barre, PA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,021.